PENGARUH STRUKTUR KEPEMILIKAN, KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, KEBIJAKAN DIVIDEN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine effect of ownership structure which refer to manajerial and institusional ownership, investation and funding decision, dividen policy, and profitability on the company value. The research was quantitative. While, the object was property, real estate and building contruction which stated in Indonesia Stock Exchange 2013-2017. For the sample, there were eight companies with purposive sampling as data collection technique. In addition, the data analysis used multiple regression linier with SPSS (Statistical Product and Service Solutions) version 23. The research result concluded that institusional ownership, divident policy, and profitability had positive significant on the company value. Institutional Ownership, Dividend and Profitability Policies which tend to be low will give a signal that the company's prospects are getting lower, thus encouraging other investors to reduce stock demand. There is a significant influence of institutional ownership, dividend policy and profitability on the value of the company due to negative investor sentiment over the company's performance, so that stock prices and company value also decline. On the other hand, managerial ownership, investation and funding decision did not have effect on the company value.
Keywords: ownerhip structure, profitability, company value.